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Message
re: The math for buying a home no longer works, per WSJ
Posted on 12/21/23 at 2:22 pm to hubertcumberdale
Posted on 12/21/23 at 2:22 pm to hubertcumberdale
quote:
your math aint mathin too well
Everyone has a different data source (i used SSA.gov's annual average income).
But let's use math on your post here.
$163200 to $329,000 is about 3.7% annual growth over 20 years.
$14.75 to $24 is 2.57% annual growth over 20 years.
You have a gap of 1.13% per year.
So your struggle is based on a compounding deficit of 1.13% per year.
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